Germany industrial orders fall 1.7% in June, led by eurozone decline

07 August 2012 16:18  [Source: ICIS news]

LONDON (ICIS)--Germany’s industrial orders fell by 1.7% in June from May, led by a 4.9% month-to-month decline in orders from the eurozone, the country’s economics ministry said on Tuesday.

June's decline came after a revised 0.7% increase in May from April.

June’s domestic orders were down by 2.1%, the ministry said. Orders from outside the eurozone rose by 0.6%.

On a two-month sequential comparison – May/June vis-a-vis March/April – Germany’s industrial orders were down by 0.8%. Compared with May/June 2011, orders were down by 6.6% year on year.

The ministry said that overall second-quarter orders were slightly above first-quarter levels. However, even though orders had stabilised, current order patterns were showing no clear trends, it added.

By: Stefan Baumgarten
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